Rate of service tax

This query is : Resolved

Yatesh Prakash Renuke (Querist)
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08 July 2008 Hello Friends.

the assessee is a civil contractor. he is purchasing material for construction & giving labour charges for construction.
can anyone help me out abount the rate of service tax & vat applicable?
is there any composition scheme under MVAT act?

Please, matter is most urgent.

Thanx & Regards'

Yatesh

Yatesh Prakash Renuke

Yatesh Prakash Renuke (Querist)
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10 July 2008 Please reply, it's urgent

annapurna

annapurna (Expert)
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14 July 2008 Service tax law:
If the assessee is a civil contractor, he will be covered under works contract service. The rate of service tax is 12.36% under regular scheme subject to abatements towards materials cost. If under the composition scheme , then the rate of service tax is 4.12% on total consideration which includes material cost and labour cost

Yatesh Prakash Renuke

Yatesh Prakash Renuke (Querist)
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16 July 2008 Hi Anupama!!!

Thanx for the reply.

I have one more query. If the service tax rate is 4.12%( incl. cess )Then what will be the rate of vat?

pl. reply fast.

Thanx

Yatesh Prakash Renuke

Yatesh Prakash Renuke (Querist)
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16 July 2008 Hi Anupama!!!

Thanx for the reply.

I have one more query. If the service tax rate is 4.12%( incl. cess )Then what will be the rate of vat?

pl. reply fast.

Thanx